Dave & Buster's Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20), Zacks reports. The company had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ:PLAY traded down $0.52 during midday trading on Friday, hitting $30.17. The stock had a trading volume of 1,442,411 shares, compared to its average volume of 1,469,558. The company's 50-day moving average price is $20.83 and its 200-day moving average price is $24.08. Dave & Buster's Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $46.90. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.94 and a beta of 2.00.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLAY. Loop Capital boosted their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler upped their price target on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday. Truist Financial increased their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, UBS Group upped their target price on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dave & Buster's Entertainment stock. AQR Capital Management LLC purchased a new position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,462 shares of the restaurant operator's stock, valued at approximately $430,000. AQR Capital Management LLC owned approximately 0.07% of Dave & Buster's Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.